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Cryptocurrency Market Update: Make or Break Point

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Bitcoin reached a monthly high of around $4120 before starting to correct downwards. The daily volume of bitcoin recorded a 3 month high today of more than $11 billion. Ethereum went up to $145 which is also a monthly high before correcting downwards and is up by more than 5% on the daily chart. XRP also experienced a slight upward move to around $0.316.

Almost all top cryptocurrencies have reached their monthly high today expect for Binance coin (BNB) which is down by around 1.5%. The winner of the day is Tezos which is up by more than 15% on the daily chart and currently trading around $0.90. The reason for the rise of XTZ or Tezos is Coinbase Custody offering staking support for Tezos coin.

Coinbase announced the offering of staking support for XTZ yesterday after which the coin started to surge:


 

Cryptocurrency Market Cap and Daily Volume

CoinMarketCap

CoinMarketCap

The total cryptocurrency market cap currently stands at around $145 billion and is up by around 2% from the last 24 hours according to data from CoinMarketCap. Interestingly, the daily trading volume is moving towards a yearly high approaching $40 billion which indicates that there is surely going to be a drastic move in terms of the price of bitcoin and other top cryptocurrencies.

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Crypto Market Updates: Top Two Gainers: Binance Coin BNB and Bittorrent BTT

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BitTorrent has spiked more than 12% in the last 24 hours is the best gainer of the day. The volume of BTT is experiencing a tremendous amount of increase.

After a major bull rally this week, the whole cryptocurrency market started a downward correction today which has led to the total market capitalization of cryptocurrencies falling beneath $140 billion. Bitcoin went to a weekly high of $4080 yesterday before correcting downwards, although Bitcoin is still placed well above $4000. Currently, Bitcoin is trading around 4018 at the time of writing. Ethereum also hit a weekly high of $144 yesterday before correcting downwards and is currently trading around $139. XRP is also down by more than 1% in the daily chart currently trading around $0.317. Bitcoin Cash fell more than 4% today falling back below $150 range.

Market Cap

Binance Coin

BNBUSD Price Chart

BNB/USD Price Chart

Although nine of the top 10 cryptocurrencies by market capitalization are in RED today, Binance Coin, the 7th largest cryptocurrency by market cap (according to coinmarketcap) is still in GREEN. It is up by more than 3.5% in the last 24 hours and has almost tripled in value in just three months. Binance Coin is currently priced around $15.557 and is trading a positive momentum.

 

BitTorrent Coin:

BTTUSD Price Chart

BTT/USD Price Chart

BitTorrent has spiked more than 12% in the last 24 hours is the best gainer of the day. The volume of BitTorrent Coin is experiencing a tremendous amount of increase in the last few hours jumping from around $12 million to around $65 million. BTT is currently trading around $0.000830. BitTorrent has just launched its early access program and airdrops are also on the way and maybe this is the reason for the bull run. BitTorrent also tweeted about the Early Access Program recently:

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